Complete Analysis of Vehicle Analytics Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027. The advancement in technologies and enhanced safety provided by vehicle analytics are expected to be the major factors contributing towards the growth of Global Vehicle Analytics Market.
“Vehicle Analytics Market Global Size is valued at USD 2306.7 Million in 2020 and expected to reach USD 11565.7 Million by 2027 with a CAGR of 25.9% over the forecast period”.
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Scope of Global Vehicle Analytics Market Report:
With the vehicles generating volumes of knowledge in seconds, the chance to deliver superior customer experiences and business processes is becoming more significant than before. At present, cars account for a minimum of 50 sensors designed to gather more detailed information, like speed, emissions, distance, resource usage, driving behavior, and fuel consumption.
Key Players for Global Vehicle Analytics Market Report:
Some major key players for Global Vehicle Analytics Market are Genetec Inc., Microsoft Corp., Inquiron Ltd, IBM Corporation, SAS Institute Inc., Agnik Llc, Acerta Systems Analytics Inc., Amodo Ltd., Automotive Rentals, Inc., and others.
Due to the spread of COVID-19, it's expected that owned car usage is probably going to surpass carpooling to prevent the spread of the virus and maintain social distancing. This might further increase the knowledge being generated for vehicle analytics. However, the installation of car analytics solutions in new cars wouldn't witness significant growth. Because of the economic slowdown, the sales of automobile vehicles have suffered which have shown a negative impact on this market.
Key Benefits for Global Vehicle Analytics Market Report
- Global Vehicle Analytics Market report covers in-depth historical and forecast analysis.
- Global Vehicle Analytics Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
- Global Vehicle Analytics Market report helps to identify opportunities in marketplace.
- Global Vehicle Analytics Market report covers extensive analysis of emerging trends and competitive landscape.
- Predictive Maintenance
- Warranty Analytics
- Traffic Management
- Safety and Security Management
- Original Equipment Manufacturers (OEMs)
- Service Providers
- Automotive Dealers
- Fleet Owners
Rising Demand for Connected Vehicles and Enhanced Safety Provided by Vehicle Analytics are Some of the Major Factors Driving the Market Growth
The major factor driving the growth of global vehicle analytics market is increasing demand for the connected vehicles and rising use of internet worldwide. In addition, rising number of technological advancements in the vehicle analytics and automotive industry are also supplementing the market growth.
Vehicle Analytics Market By Regional & Country Level:
- Southeast Asia
Middle East and Africa
- Rest of Middle East and Africa
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